Topic: Advantages Of Crypto, Disadvantages of Crypto - page 2. (Read 352 times)
advantages or disadvantages depends on the coin or its product ,crypto coin are not one but a lot and the most advantages so far is bitcoin safe fast low cost freedom ,other coins need 6 up to 50 confirmations so they can be used besides that sometimes are fee expensive ,the most common of all crypto is high security
About regulatory pressures are nothing new to the crypto market. Some analysts continue to monitor the China government's crackdown, which usually occurs when the crypto market is volatile. Earlier in May, China banned financial institutions and payment companies from providing services and transactions using cryptocurrencies. China also issued similar bans in 2013 and 2017.
What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.
Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.
Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...
This is complete, but there are many things that make cryptocurrencies lose because of our greed and negligence, without considering the risks that will arise, so that we cannot solve the problem, while the advantages of cryptocurrencies are quite a lot of ways that we can do, starting from investing, trading or trading. join the bounty program. But don't forget, there are rules we have to follow from many things you mentioned, otherwise big problems will arise?
The hack part isn't crypto disadvantage but the users/owners faults, I've never heard about BTC getting compromised by hackers or any kind, I've only heard about stolen private keys either through mail scam or phishing which clearly is users fault
Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...
I think what's unique from Bitcoin is the advantage might be its own disadvantage and vice versa. If we see from a different perspective we'll see different things from Bitcoin.
For example, it's price volatility. Do you think people are still interested in cryptocurrency if it's not that volatile?. This volatility enables people to gain maximum profit from the trading, things that other commodities don't have. On the other sides, like you said it can be a disadvantage cause we can't actually really keep it in peace because today the price can come up but 5 minutes later it goes down. People can be a winner, but other people could be the losers.
For example, it's price volatility. Do you think people are still interested in cryptocurrency if it's not that volatile?. This volatility enables people to gain maximum profit from the trading, things that other commodities don't have. On the other sides, like you said it can be a disadvantage cause we can't actually really keep it in peace because today the price can come up but 5 minutes later it goes down. People can be a winner, but other people could be the losers.
Cybersecurity issues
What kind of "issues"? Most of the "hacks" are due to the BTC owners' fault. Sending hoping to get 2x your money from Elon Musk, downloading crap off the web, opening unsafe executables, PDFs etc.yes you are right most of the security issues are caused by the users themselves. for blockchain, I think it's very good. This technology is very secure and transparent. so I think cyber security issues are not a drawback for crypto. the only weakness of crypto for me is its volatility. if the price movement of crypto is calm enough like gold. maybe this will be perfect.
Cryptocurrencies are highly transparent and the risk of fraud is low. What do you think can prove that cybersecurity issues can harm cryptocurrencies?
In fact, there are so many advantages of cryptocurrencies that can cover the existing shortcomings and you are one of the people who believe what I say.
Cryptocurrencies do have things that are very transparent, but you also need to realize that in cryptocurrencies there are also very many useless new things which are made by scammers whose purpose is only to deceive many people who are already in cryptocurrency.In fact, there are so many advantages of cryptocurrencies that can cover the existing shortcomings and you are one of the people who believe what I say.
on the plus side, scammers also know how the crypto market and industry are very productive. and it is increasing rapidly. Everyone, good or bad, will come when they see an opportunity. they get advantages and benefits in their way.
for me a good advantage offered by cryptocurrency is as anonymous in cryptocurrency I can store funds in cryptocurrency and no one knows only me knows. (this is just one of the advantages that crypto gives me personally and many more )
drawbacks , i guess lack of shops or payments that accept crypto money ,
For cybersecurity issues: I don't think so, because if we are vigilant and careful we will definitely not be caught in this case
drawbacks , i guess lack of shops or payments that accept crypto money ,
For cybersecurity issues: I don't think so, because if we are vigilant and careful we will definitely not be caught in this case
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Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...
To me, crypto currencies are highly advantageous compare to its disadvantage, Infact, i personally don't see any disadvantages of crypto as a real disadvantages, the time we will see the real disadvantages of crypto is when it becomes fully mainstream, when it becomes the only means of exchanging, buying and selling of goods and services all over the world, maybe then, we will discover that the only disadvantage will be that our non learned old parents will have a really hard time understanding how to use it, which to me, is still not a disadvantage cus they can be taught how to.
What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.
Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...
Cryptocurrencies are highly transparent and the risk of fraud is low. What do you think can prove that cybersecurity issues can harm cryptocurrencies?Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.
Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...
In fact, there are so many advantages of cryptocurrencies that can cover the existing shortcomings and you are one of the people who believe what I say.
There are many more disadvantages and advantages of cryptocurrency that we do not know yet because not many countries now are not accepting crypto and that is one of the disadvantages of crypto. But out of that, people who want to involve in crypto will think about how they can make money from crypto and maybe that is their main reason why they want to join in crypto.
They do not care about the advantages or disadvantages because as long last they can make money from crypto, they will accept everything about the advantages or disadvantages because they can benefit from crypto.
They do not care about the advantages or disadvantages because as long last they can make money from crypto, they will accept everything about the advantages or disadvantages because they can benefit from crypto.
The greatest advantage of cryptocurrencies is decentralization, no one hold your funds only you are in full control of your money which lacks in Fiat monetory system. Disadvantage again the decentralization made the prices to be highly volatile so it makes cryptocurrency not fit for using payment in day to day usage.
Yeap, The most important one is Decentralization but it's have some backwards, With crypto we are controlling our money without any centralized entity but that's means if our fund stolen or anything like that we can't do anything beside the price was usntable since no one controlling it also there are some scalability issue for example like congested Ethereum network, it's normal though since it's only 10 Years from the first crypto created and today there already tons of improvement to fix this. There will be always advantages and disadvantages but crypto offering more advantages rather than disadvantages. 
The advantage of cryptocurrencies is that there is no third party controlling our money in the crypto world, we can do what we want with our money without having to involve a third party. but that is also what can be one of the drawbacks of cryptocurrencies, when we lose our money in the crypto world, there is no party we can demand to get our money back.
Distribution of wealth and decentralization are the most important factors in crypto and ofcourse the fact that It make transaction more efficient and seamless For the disadvantages I will say try to keep your skin in the game and better not get rekt (bull and bears)
Where will you get the advantage if you always don't want to meet bulls and bears? because buyers always expect these two things to turn their capital into a very attractive profit in the crypto space.
What are the disadvantages of cryptocurrencies.
Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.
Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...
The greatest advantage of cryptocurrencies is decentralization, no one hold your funds only you are in full control of your money which lacks in Fiat monetory system. Disadvantage again the decentralization made the prices to be highly volatile so it makes cryptocurrency not fit for using payment in day to day usage. Scalability,Cybersecurity issues,Price volatility and lack of inherent value,Regulations.
Advantage of crypto currencies. Fast and Inexpensive
It only takes a few minutes to send any amount of money. Regardless of the amount or the destination, Decentralized issuance, Lower fraud risks and Transparency...
One of the biggest advantages of crypto for me is the freedom wherein we don't have in the fiat currency, you are anonymous in cryptocurrency and that's what I want it the most, the high risk and high reward is also what I want here, even though I have lost a lot of money in crypto before especially when I was a newbie, still, I earned even more than lose money.
The cybersecurity issue is not a problem of cryptocurrency, it is a problem of a user itself, you got scammed and you are responsible for it, that is your fault.
The cybersecurity issue is not a problem of cryptocurrency, it is a problem of a user itself, you got scammed and you are responsible for it, that is your fault.
And the biggest disadvantage is that cryptocurrencies are not widely accepted in brick and mortar stores. BTC is close to becoming mainstream but it's still not very familiar to everyone store owners. All they want is the fiat and if they even want digital transactions it's going to be debit/credit card transactions which are even slower than any altcoins today. Sad to say they don't even realize that too.
One advantage that I like the most is that you have your money right with you all the time especially if you memorized your 12 words. Is like bringing your money with you all the time.
Cybersecurity issues
What kind of "issues"? Most of the "hacks" are due to the BTC owners' fault. Sending hoping to get 2x your money from Elon Musk, downloading crap off the web, opening unsafe executables, PDFs etc.Transparency...
I agree but just to an extent. I am an advocate of privacy coins, and studying them made me realize that transparency isn't always good. It's good as long as all parties are fair and have good intents. Otherwise, things could turn dark and creepy so quickly - see Chainalysis.I guess what the OP is trying to prove is that hackers can easily access wallets, which is true, but mostly is the fault of the owners, storing your crypto on an online wallet is quite risky, otherwise, I don't think there's really a big disadvantage about crypto but more advantages to it actually, we don't get these features around fiat, we don't encounter volatility or constant bullish/bearish seasons around fiat, so I think there's more of advantages rather than the disadvantage/s.
Transparency is good on some aspects but not to the extent of making everything transparent or public, privacy is also needed.
Privacy from your wife or your mom. 
You can keep it in cryptocurrencies and they will never know even if they search the whole house.
Kidding aside that's one reason for some people, privacy. Security though is the one more good reason I've been pulled into it. Not that I distrust the banking institution but I want to be the manager of my own savings which I can control whether I like to withdraw or deposit.
The other thing is the volatility. It can be both an advantage or a disadvantage but if you know what you are doing then it will mostly be an advantage.
You can keep it in cryptocurrencies and they will never know even if they search the whole house. Kidding aside that's one reason for some people, privacy. Security though is the one more good reason I've been pulled into it. Not that I distrust the banking institution but I want to be the manager of my own savings which I can control whether I like to withdraw or deposit.
The other thing is the volatility. It can be both an advantage or a disadvantage but if you know what you are doing then it will mostly be an advantage.
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What cybersecurity issue are you talking about, OP? Unless that you are using a custodial wallet, then you should be just fine. Your kind of mixing it up with "decentralized issuance" as well.
"Not your keys, not your coins"
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